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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Commercial land
1055 Ss St, Pittsfield, MA 01201-8211
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0638197
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1998
Construction
WOOD FRAME
Total area
14,964 SF
Lot
1.88 ac (81,893 SF)
Zoning code
BG
APN
PITT M:H01 B:0002 L:001
UPID
US38-0638197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$640k
Owner & transaction history
Somnath LLC · 11 yrs held
Somnath LLC
since 2015
7 recorded transactions
Zoning & alternative use
BG · Pittsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pittsfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,794
Tax year 2024
Assessed value
$373,500
Assessed 2024
Previous assessed
$373,500
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$373,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Total area
14,964 SF
Lot
1.88 ac (81,893 SF)
Zoning code
BG
APN
PITT M:H01 B:0002 L:001
UPID
US38-0638197
Jurisdiction
PITTSFIELD
Zoning & alternative use
BG · Pittsfield, MA
Zoning BG · permitted uses
BG · Pittsfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Lot
1.88 ac
Current owner
From public records · entity-resolved
Somnath LLC
Entity
Mailing address
1350 W HOUSATONIC ST, PITTSFIELD, MA 01201-7514
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2015
—
Somnath LLC
Somnath INC
Quit Claim Deed
related
$3,400,000 · Middlesex Savings Bank
Dec 16, 2005
—
Somnath INC
—
Deed Of Trust
related
$3,634,182 · Thomas A Ricchi
May 12, 2000
—
Somnath INC
—
Deed Of Trust
related
$3,395,000 · Thomas A Ricchi
Sep 18, 1997
—
Somnath INC
—
Deed Of Trust
related
$61,550 · Pittsfield Economic
Jul 1, 1997
—
Somnath INC
—
Deed Of Trust
related
$1,400,000 · Misc Other
Mar 28, 1989
—
Somnath INC
—
Deed Of Trust
related
$75,000 · Bank Of New Eng, West
Jul 29, 1988
$220,000
Somnath INC
Stevens,timothy M
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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